The Indian rupee may slip to an all-time low on Tuesday with the currency, already under pressure from slowing growth, choppy equity flows and a dollar rally, will have to contend with an unexpected widening in trade deficit to a record high. The 1-month non-deliverable forward indicated that the rupee will open at 84.88-84.90 to … Read more
Open Networks can generate an annual economic impact of up to Rs 67,000 crore in India’s mobility sector, driving inclusive growth and strengthening local economies, according to a whitepaper, released by the government-run Open Network for Digital Commerce (ONDC) on Monday. The whitepaper explores how innovative business models on open networks can transform India’s mobility … Read more
Emerging cities like Indore, Udaipur, Bhubaneshwar and Jaipur have seen impressive job growth this year, with Udaipur leading with 17 per cent overall growth and Indore up by 14 per cent, a report showed on Monday. Other emerging cities like Jaipur and Ahmedabad are also driving India's job market, with double-digit growth in sectors like … Read more
The assets under management (AUM) of mortgage finance loans in the country is expected to grow at a healthy 16-17 per cent this fiscal and the next (FY25 and FY26), a report said on Monday. Trends in the sub-segments like home loans, loans against property (LAP), and wholesale loans will vary. Over the current … Read more
The FIIs as per Monday’s data were net buyers in equity segment, while net sellers in debt segment, according to data released by the NSDL. In equity segment, the gross buying was of Rs 16587.67 crore against gross selling of Rs 13651.16 crore. Thus, FIIs stood as net buyers of Rs 2936.51 crore in equities. … Read more
The Indian stock market closed lower on Monday amid mixed global cues. At closing, Sensex settled at 81,748.57, down by 384.55 points, or 0.47 per cent, and Nifty ended at 24,668.25, down by 100.05 points, or 0.40 per cent. The national market traded in a range-bound manner while the realty sector outperformed in expectation … Read more
India is set to witness a record office space leasing activity in 2024, reaching 83-85 million square feet of gross leasing value (GLV) which is a 13 per cent growth from last year, according to a report on Monday. India’s office real estate has consistently been witnessing more than 70 million square feet of GLV … Read more
Shakti Pumps (India) is currently trading at upper limit of Rs. 931.00, up by 44.30 points or 5.00% from its previous closing of Rs. 886.70 on the BSE. The scrip opened at Rs. 931.00 and has touched a high and low of Rs. 931.00 and Rs. 931.00 respectively. So far 10194 shares were traded on … Read more
Google on Monday announced the appointment of Preeti Lobana as its new Country Manager and Vice President for India. She will spearhead Google India's sales and operations, driving the company's commitment to the burgeoning digital economy in the country. “Her leadership and passion for customer-centricity has fuelled impactful solutions for businesses across industries empowering millions … Read more
The main macro drivers remain healthy and India's GDP growth is likely to move closer to the trend growth of 6.5-7 per cent this fiscal, a Crisil Insight report said on Monday. Trend GDP growth is the average sustainable rate of economic growth over time. Private consumption growth in the country has fared better … Read more
